Fashion

Alibaba Poised to Offload Intime Retail Business for Nearly $1 Billion Amid Strategic Refocus

7 days ago

Alibaba Group Holding Ltd, the Chinese e-commerce giant, is reportedly on the verge of finalizing the sale of its retail business, Intime, to Youngor Fashion Co., a prominent Chinese fashion and apparel firm. The deal is expected to be valued close to $1 billion, marking a significant shift in Alibaba's strategy as it aims to streamline operations and focus on its core e-commerce objectives.

Zalando Expands Footprint: Acquires German E-Tailer About You for $1.3 Billion

12 days ago

In a significant move within the European online retail landscape, Zalando, a leading online fashion retailer, has announced its decision to acquire fellow German online retailer, About You, for a staggering $1.3 billion. This strategic acquisition marks a bold step for Zalando as it seeks to enhance its market presence and diversify its offerings in the highly competitive e-commerce sector.

Second-Hand Marketplace Vinted Delays IPO Plans Amid Market Uncertainty

1 month ago

Vinted, a prominent player in the second-hand marketplace arena, has indicated that it will not pursue an initial public offering (IPO) in the immediate future. This decision was confirmed by CEO Thomas Plantenga during an interview, citing prevailing market conditions as a significant concern for the company.

Foschini's New Strategy: TFG SJ Takes On Shein and Amazon with Swift Delivery Services in South Africa

1 month ago

The Foschini Group (TFG) is making strategic moves to bolster its competitive position in the South African retail market by ramping up delivery speeds, aimed directly at major global players like Shein and Amazon. With an eye on capturing a larger share of the fast-fashion segment, TFG is setting the stage for an intense showdown in the e-commerce landscape.

Richemont Finally Offloads Yoox Net-a-Porter to German Rival in Strategic Move

3 months ago

In a significant development in the luxury fashion industry, Compagnie Financière Richemont SA has successfully completed the much-anticipated sale of its online retail platform, Yoox Net-a-Porter (YNAP), to its German competitor, Global Fashion Group (GFG). This strategic transaction marks a notable shift in the competitive landscape of online luxury retail, with implications likely to ripple across the industry.

H&M Embarks on Major E-Commerce Expansion in China to Solidify Market Share

3 months ago

Swedish fashion giant H&M is set to make a bold move to strengthen its market position, with a major expansion in its e-commerce presence within China, reaching a wider audience and entrenching itself in one of the most lucrative retail markets in the world.